0000702149-13-000050.txt : 20131129 0000702149-13-000050.hdr.sgml : 20131128 20131129142341 ACCESSION NUMBER: 0000702149-13-000050 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130930 FILED AS OF DATE: 20131129 DATE AS OF CHANGE: 20131129 EFFECTIVENESS DATE: 20131129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY HASTINGS STREET TRUST CENTRAL INDEX KEY: 0000035348 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-00215 FILM NUMBER: 131250017 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY FUND INC DATE OF NAME CHANGE: 19851205 0000035348 S000031547 Fidelity Series Emerging Markets Debt Fund C000098197 Fidelity Series Emerging Markets Debt Fund FEDCX C000098198 Class F FEDFX N-Q 1 Main.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-215

Fidelity Hastings Street Trust
 (Exact name of registrant as specified in charter)

245 Summer St., Boston, Massachusetts 02210
 (Address of principal executive offices)       (Zip code)

Scott C. Goebel, Secretary

245 Summer St.

Boston, Massachusetts 02210
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:

December 31

 

 

Date of reporting period:

September 30, 2013

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® Series
Emerging Markets Debt Fund

September 30, 2013 

1.924256.102

SED-QTLY-1113

Investments September 30, 2013 (Unaudited)

Showing Percentage of Net Assets

Nonconvertible Bonds - 33.6%

 

Principal
Amount (d)

Value

Argentina - 1.8%

Aeropuertos Argentina 2000 SA 10.75% 12/1/20 (f)

$ 4,704,540

$ 4,504,597

Empresa Distribuidora y Comercializadora Norte SA 9.75% 10/25/22 (f)

5,103,000

2,602,530

Pan American Energy LLC 7.875% 5/7/21 (f)

5,005,000

5,005,000

Transportadora de Gas del Sur SA 7.875% 5/14/17 (f)

9,710,000

8,739,000

TOTAL ARGENTINA

20,851,127

Bailiwick of Jersey - 0.3%

Polyus Gold International Ltd. 5.625% 4/29/20 (f)

3,575,000

3,498,853

British Virgin Islands - 0.8%

Arcos Dorados Holdings, Inc. 10.25% 7/13/16 (f)

BRL

10,572,000

4,650,860

Gold Fields Orogen Holding BVI Ltd. 4.875% 10/7/20 (f)

3,250,000

2,567,500

Magnesita Finance Ltd. 8.625% (f)(g)

1,895,000

1,771,825

TOTAL BRITISH VIRGIN ISLANDS

8,990,185

Canada - 0.4%

Pacific Rubiales Energy Corp. 7.25% 12/12/21 (f)

4,748,000

5,032,880

Sino-Forest Corp. 6.25% 10/21/17 (c)(f)

3,220,000

0

TOTAL CANADA

5,032,880

Cayman Islands - 1.6%

Odebrecht Finance Ltd. 7.5% (f)(g)

8,650,000

8,390,500

Petrobras International Finance Co. Ltd.:

5.375% 1/27/21

3,265,000

3,279,970

6.875% 1/20/40

2,915,000

2,851,162

8.375% 12/10/18

3,055,000

3,646,906

TOTAL CAYMAN ISLANDS

18,168,538

Croatia - 0.1%

Hrvatska Elektroprivreda 6% 11/9/17 (f)

1,025,000

1,050,625

El Salvador - 0.3%

Telemovil Finance Co. Ltd. 8% 10/1/17 (f)

3,734,000

3,892,695

Georgia - 0.7%

Georgia Bank Joint Stock Co. 7.75% 7/5/17 (f)

4,065,000

4,308,900

Georgian Oil & Gas Corp. 6.875% 5/16/17 (f)

2,135,000

2,193,713

JSC Georgian Railway 7.75% 7/11/22 (f)

1,565,000

1,627,600

TOTAL GEORGIA

8,130,213

Germany - 0.2%

Rearden G Holdings Eins GmbH 7.875% 3/30/20 (f)

2,290,000

2,347,250

Nonconvertible Bonds - continued

 

Principal
Amount (d)

Value

Hungary - 0.2%

Magyar Export-Import Bank 5.5% 2/12/18 (f)

$ 1,755,000

$ 1,765,969

Indonesia - 2.0%

Perusahaan Penerbit SBSN 6.125% 3/15/19 (f)

2,510,000

2,610,400

PT Adaro Indonesia 7.625% 10/22/19 (f)

4,870,000

5,074,540

PT Gadjah Tunggal Tbk 7.75% 2/6/18 (f)

1,725,000

1,660,313

PT Pertamina Persero:

4.3% 5/20/23 (f)

1,880,000

1,607,400

4.875% 5/3/22 (f)

3,070,000

2,778,350

5.25% 5/23/21 (f)

2,200,000

2,084,500

5.625% 5/20/43 (f)

2,334,000

1,820,520

6% 5/3/42 (f)

3,195,000

2,587,950

6.5% 5/27/41 (f)

3,220,000

2,801,400

TOTAL INDONESIA

23,025,373

Ireland - 1.3%

CBOM Finance PLC 8.25% 8/5/14

1,620,000

1,676,700

Vimpel Communications OJSC 7.748% 2/2/21 (Issued by VIP Finance Ireland Ltd. for Vimpel Communications) (f)

2,575,000

2,768,125

Vnesheconombank Via VEB Finance PLC:

6.025% 7/5/22 (f)

2,695,000

2,769,113

6.8% 11/22/25 (f)

2,869,000

3,019,623

6.902% 7/9/20 (f)

4,815,000

5,284,463

TOTAL IRELAND

15,518,024

Kazakhstan - 1.4%

Development Bank of Kazakhstan JSC 4.125% 12/10/22 (f)

1,100,000

1,006,500

Kazagro National Management Holding JSC 4.625% 5/24/23 (f)

1,050,000

959,385

KazMunaiGaz Finance Sub BV 7% 5/5/20 (f)

2,385,000

2,695,050

KazMunaiGaz National Co.:

4.4% 4/30/23 (f)

1,840,000

1,716,352

5.75% 4/30/43 (f)

2,820,000

2,477,088

Zhaikmunai Finance BV 10.5% 10/19/15 (f)

3,975,000

4,193,625

Zhaikmunai International BV 7.125% 11/13/19 (f)

3,330,000

3,488,175

TOTAL KAZAKHSTAN

16,536,175

Luxembourg - 2.9%

Alrosa Finance SA 7.75% 11/3/20 (f)

2,650,000

2,928,250

Aquarius Investments Luxemburg 8.25% 2/18/16

3,685,000

3,869,250

Nonconvertible Bonds - continued

 

Principal
Amount (d)

Value

Luxembourg - continued

EVRAZ Group SA:

6.5% 4/22/20 (f)

$ 1,615,000

$ 1,481,763

8.25% 11/10/15 (f)

5,975,000

6,393,250

9.5% 4/24/18 (Reg. S)

2,150,000

2,327,375

RSHB Capital SA 6% 6/3/21 (f)(i)

1,305,000

1,286,991

TMK Capital SA 7.75% 1/27/18

4,970,000

5,193,650

Unicredit Luxembourg SA 5.1875% 10/13/15 (f)

2,710,000

2,747,263

Vimpel Communications 8.25% 5/23/16 (Reg. S) (Issued by UBS Luxembourg SA for Vimpel Communications)

6,250,000

6,913,750

TOTAL LUXEMBOURG

33,141,542

Mexico - 4.5%

Alestra SA de RL de CV 11.75% 8/11/14

2,530,000

2,710,263

Comision Federal de Electricid 5.75% 2/14/42 (f)

950,000

878,750

Gruma S.A.B. de CV 7.75% (Reg. S) (g)

5,329,000

5,329,000

Office Depot de Mexico SA de C 6.875% 9/20/20 (f)

1,695,000

1,682,288

Petroleos Mexicanos:

3.5% 1/30/23

3,085,000

2,812,440

4.875% 1/24/22

2,585,000

2,640,578

4.875% 1/18/24

1,670,000

1,687,953

5.5% 1/21/21

3,400,000

3,651,600

5.5% 6/27/44

4,555,000

4,145,050

6% 3/5/20

2,000,000

2,203,000

6.5% 6/2/41

6,205,000

6,515,250

6.625% (f)(g)

11,305,000

11,418,050

8% 5/3/19

1,500,000

1,826,250

TV Azteca SA de CV 7.5% 5/25/18 (Reg. S)

3,935,000

3,984,188

TOTAL MEXICO

51,484,660

Netherlands - 3.6%

Access Finance BV 7.25% 7/25/17 (f)

1,995,000

1,985,025

DTEK Finance BV 9.5% 4/28/15 (f)

322,000

317,428

GTB Finance BV 7.5% 5/19/16 (f)

2,650,000

2,785,680

HSBK (Europe) BV 7.25% 5/3/17 (f)

2,625,000

2,743,125

Indo Energy Finance BV 7% 5/7/18 (f)

4,290,000

4,139,850

Indosat Palapa Co. BV 7.375% 7/29/20 (f)

2,050,000

2,142,250

Intergas Finance BV 6.375% 5/14/17 (Reg. S)

1,675,000

1,804,813

JSC Kazkommertsbank BV 8% 11/3/15 (f)

1,885,000

1,885,000

Kazkommerts International BV 7.875% 4/7/14 (Reg. S)

2,235,000

2,252,210

KazMunaiGaz Finance Sub BV:

6.375% 4/9/21 (f)

2,025,000

2,217,375

Nonconvertible Bonds - continued

 

Principal
Amount (d)

Value

Netherlands - continued

KazMunaiGaz Finance Sub BV: - continued

9.125% 7/2/18 (f)

$ 2,975,000

$ 3,622,063

Listrindo Capital BV 6.95% 2/21/19 (f)

1,530,000

1,552,950

Majapahit Holding BV 7.75% 1/20/20 (f)

1,535,000

1,692,338

Metinvest BV 10.25% 5/20/15 (f)

3,100,000

3,100,000

Myriad International Holding BV 6% 7/18/20 (f)

1,695,000

1,788,734

Nord Gold NV 6.375% 5/7/18 (f)

3,075,000

2,852,063

Petrobras Global Finance BV 2.4081% 1/15/19 (i)

3,040,000

2,979,200

VimpelCom Holdings BV 5.2% 2/13/19 (f)

1,690,000

1,675,297

TOTAL NETHERLANDS

41,535,401

Nigeria - 0.2%

FBN Finance Co. BV 8.25% 8/7/20 (f)(i)

1,720,000

1,720,000

Pakistan - 0.5%

Pakistan Mobile Communications Ltd. 8.625% 11/13/13 (f)

5,714,000

5,656,860

Paraguay - 0.4%

BBVA Paraguay SA 9.75% 2/11/16 (f)

3,050,000

3,202,500

Telefonica Celular del Paraguay SA 6.75% 12/13/22 (f)

1,620,000

1,603,800

TOTAL PARAGUAY

4,806,300

Philippines - 0.5%

Development Bank of Philippines 8.375% (g)(i)

3,785,000

3,974,250

Power Sector Assets and Liabilities Management Corp. 7.39% 12/2/24 (f)

1,600,000

1,928,000

TOTAL PHILIPPINES

5,902,250

Russia - 0.6%

MTS International Funding Ltd. 8.625% 6/22/20 (f)

5,710,000

6,644,727

Turkey - 0.8%

Akbank T.A.S. 7.5% 2/5/18 (f)

TRY

3,145,000

1,389,526

Finansbank A/S:

5.15% 11/1/17 (f)

5,880,000

5,527,200

5.5% 5/11/16 (Reg. S)

2,000,000

1,960,000

TOTAL TURKEY

8,876,726

Ukraine - 0.4%

Naftogaz of Ukraine NJSC 9.5% 9/30/14

4,405,000

4,074,625

United Kingdom - 0.8%

Afren PLC 11.5% 2/1/16 (f)

1,950,000

2,227,875

Biz Finance PLC 8.375% 4/27/15 (Reg. S)

4,720,000

4,141,800

Nonconvertible Bonds - continued

 

Principal
Amount (d)

Value

United Kingdom - continued

JSC Oschadbank 8.25% 3/10/16 (Issued by SSB #1 PLC for JSC Oschadbank)

$ 550,000

$ 456,500

Shortline PLC 9.5% 5/21/18 (f)

1,175,000

935,653

The State Export-Import Bank of Ukraine JSC 5.7928% 2/9/16 (Issued by Credit Suisse First Boston International for The State Export-Import Bank of Ukraine JSC) (e)

2,150,000

1,655,500

TOTAL UNITED KINGDOM

9,417,328

United States of America - 1.5%

Pemex Project Funding Master Trust:

6.625% 6/15/35

7,845,000

8,413,763

6.625% 6/15/38

285,000

301,388

8.625% 12/1/23

320,000

390,400

Severstal Columbus LLC 10.25% 2/15/18

3,770,000

4,005,625

Southern Copper Corp.:

6.75% 4/16/40

1,760,000

1,712,999

7.5% 7/27/35

2,490,000

2,641,517

TOTAL UNITED STATES OF AMERICA

17,465,692

Venezuela - 5.8%

Petroleos de Venezuela SA:

4.9% 10/28/14

12,240,000

11,517,840

5.375% 4/12/27

3,545,000

2,038,375

5.5% 4/12/37

1,710,000

949,050

8% 11/17/13

5,915,000

5,915,000

8.5% 11/2/17 (f)

28,000,000

25,368,000

8.5% 11/2/17 (Reg. S)

3,600,000

3,261,600

9% 11/17/21 (Reg. S)

2,515,000

2,049,725

9.75% 5/17/35 (f)

6,530,000

4,962,800

12.75% 2/17/22 (f)

11,165,000

10,913,788

TOTAL VENEZUELA

66,976,178

TOTAL NONCONVERTIBLE BONDS

(Cost $387,937,576)


386,510,196

Government Obligations - 55.7%

 

Argentina - 2.9%

Argentine Republic:

discount (with partial capitalization through 12/31/13) 8.28% 12/31/33

3,973,976

2,533,410

Government Obligations - continued

 

Principal
Amount (d)

Value

Argentina - continued

Argentine Republic: - continued

2.5% 12/31/38 (e)

$ 1,660,000

$ 589,300

7% 10/3/15

17,640,000

16,078,860

Buenos Aires Province 11.75% 10/5/15 (f)

2,340,000

2,223,000

City of Buenos Aires 12.5% 4/6/15 (f)

6,435,000

6,628,050

Provincia de Cordoba 12.375% 8/17/17 (f)

5,280,000

4,567,200

Provincia de Neuquen Argentina 7.875% 4/26/21 (Reg. S)

1,081,000

1,021,545

TOTAL ARGENTINA

33,641,365

Armenia - 0.2%

Republic of Armenia 6% 9/30/20 (f)(h)

2,270,000

2,210,413

Aruba - 0.1%

Aruba Government 4.625% 9/14/23 (f)

1,670,000

1,586,500

Azerbaijan - 0.3%

State Oil Co. of Azerbaijan Republic:

4.75% 3/13/23 (Reg. S)

2,400,000

2,250,000

5.45% 2/9/17 (Reg. S)

1,365,000

1,445,126

TOTAL AZERBAIJAN

3,695,126

Bahamas (Nassau) - 0.2%

Bahamian Republic 6.95% 11/20/29 (f)

2,245,000

2,491,950

Bahrain - 0.2%

Bahrain Kingdom 6.125% 8/1/23 (f)

1,725,000

1,720,688

Barbados - 0.2%

Barbados Government:

7% 8/4/22 (f)

1,105,000

1,060,800

7.25% 12/15/21 (f)

1,370,000

1,328,900

TOTAL BARBADOS

2,389,700

Belarus - 1.0%

Belarus Republic:

8.75% 8/3/15 (Reg. S)

9,480,000

9,148,200

8.95% 1/26/18

2,075,000

1,945,313

TOTAL BELARUS

11,093,513

Government Obligations - continued

 

Principal
Amount (d)

Value

Bolivia - 0.4%

Plurinational State of Bolivia:

4.875% 10/29/22 (f)

$ 2,865,000

$ 2,582,081

5.95% 8/22/23 (f)

1,950,000

1,872,000

TOTAL BOLIVIA

4,454,081

Brazil - 2.8%

Banco Nacional de Desenvolvimento Economico e Social 3.375% 9/26/16 (f)

1,190,000

1,193,570

Brazilian Federative Republic:

5.625% 1/7/41

8,150,000

8,129,625

7.125% 1/20/37

6,130,000

7,264,050

8.25% 1/20/34

3,550,000

4,668,250

10.125% 5/15/27

1,870,000

2,837,725

12.25% 3/6/30

4,755,000

7,940,850

TOTAL BRAZIL

32,034,070

Colombia - 1.4%

Colombian Republic:

6.125% 1/18/41

3,170,000

3,455,300

7.375% 9/18/37

3,650,000

4,562,500

10.375% 1/28/33

5,414,000

8,175,140

TOTAL COLOMBIA

16,192,940

Congo - 0.7%

Congo Republic 3.5% 6/30/29 (e)

8,963,652

7,708,740

Costa Rica - 0.4%

Costa Rican Republic:

4.25% 1/26/23 (f)

1,750,000

1,579,375

4.375% 4/30/25 (f)

1,620,000

1,417,500

5.625% 4/30/43 (f)

1,420,000

1,238,950

TOTAL COSTA RICA

4,235,825

Croatia - 1.5%

Croatia Republic:

5.5% 4/4/23 (f)

3,315,000

3,174,113

6.25% 4/27/17 (f)

4,070,000

4,278,384

6.375% 3/24/21 (f)

3,120,000

3,237,000

6.625% 7/14/20 (f)

2,760,000

2,925,600

6.75% 11/5/19 (f)

3,700,000

3,959,000

TOTAL CROATIA

17,574,097

Government Obligations - continued

 

Principal
Amount (d)

Value

Dominican Republic - 1.0%

Dominican Republic:

1.25% 8/30/24 (i)

$ 4,550,000

$ 3,822,000

5.875% 4/18/24 (f)

1,650,000

1,522,125

7.5% 5/6/21 (f)

3,510,000

3,720,600

9.04% 1/23/18 (f)

2,641,179

2,839,267

TOTAL DOMINICAN REPUBLIC

11,903,992

El Salvador - 0.3%

El Salvador Republic:

7.625% 2/1/41 (f)

1,000,000

1,005,000

7.65% 6/15/35 (Reg. S)

1,375,000

1,375,000

8.25% 4/10/32 (Reg. S)

1,150,000

1,219,000

TOTAL EL SALVADOR

3,599,000

Gabon - 0.1%

Gabonese Republic 8.2% 12/12/17 (f)

500,000

562,500

Georgia - 0.2%

Georgia Republic 6.875% 4/12/21 (f)

2,375,000

2,505,625

Ghana - 0.1%

Ghana Republic 7.875% 8/7/23 (f)

1,725,000

1,673,250

Guatemala - 0.2%

Guatemalan Republic 5.75% 6/6/22 (f)

1,955,000

1,994,100

Hungary - 0.9%

Hungarian Republic:

4.125% 2/19/18

2,878,000

2,849,220

4.75% 2/3/15

1,750,000

1,793,750

7.625% 3/29/41

4,778,000

5,112,460

TOTAL HUNGARY

9,755,430

Indonesia - 3.8%

Indonesian Republic:

3.375% 4/15/23 (f)

1,615,000

1,376,788

4.625% 4/15/43 (f)

1,615,000

1,275,850

4.875% 5/5/21 (f)

4,990,000

4,940,100

5.25% 1/17/42 (f)

4,395,000

3,702,788

5.875% 3/13/20 (f)

5,045,000

5,322,475

6.625% 2/17/37 (f)

3,100,000

3,138,750

6.875% 1/17/18 (f)

3,730,000

4,168,275

7.75% 1/17/38 (f)

4,780,000

5,401,400

Government Obligations - continued

 

Principal
Amount (d)

Value

Indonesia - continued

Indonesian Republic: - continued

8.5% 10/12/35 (Reg. S)

$ 5,650,000

$ 6,864,750

11.625% 3/4/19 (f)

5,750,000

7,647,500

TOTAL INDONESIA

43,838,676

Iraq - 0.8%

Republic of Iraq 5.8% 1/15/28 (Reg. S)

11,050,000

9,364,875

Ivory Coast - 0.1%

Ivory Coast 7.1% 12/31/32 (e)

1,315,000

1,157,200

Jordan - 0.2%

Jordanian Kingdom 3.875% 11/12/15

2,425,000

2,418,938

Latvia - 0.2%

Latvian Republic 2.75% 1/12/20 (f)

2,930,000

2,779,984

Lebanon - 1.6%

Lebanese Republic:

4% 12/31/17

9,164,250

8,889,322

4.75% 11/2/16

1,780,000

1,744,400

5.15% 11/12/18

1,800,000

1,737,000

5.45% 11/28/19

3,705,000

3,482,700

6.375% 3/9/20

2,570,000

2,544,300

TOTAL LEBANON

18,397,722

Lithuania - 1.0%

Lithuanian Republic:

6.125% 3/9/21 (f)

3,475,000

3,970,188

6.625% 2/1/22 (f)

2,745,000

3,232,238

7.375% 2/11/20 (f)

3,650,000

4,430,188

TOTAL LITHUANIA

11,632,614

Mexico - 2.8%

United Mexican States:

4.75% 3/8/44

8,928,000

8,057,520

5.75% 10/12/10

3,254,000

3,058,760

6.05% 1/11/40

7,832,000

8,564,292

6.75% 9/27/34

6,535,000

7,743,975

7.5% 4/8/33

1,800,000

2,281,500

8.3% 8/15/31

1,740,000

2,383,800

TOTAL MEXICO

32,089,847

Government Obligations - continued

 

Principal
Amount (d)

Value

Morocco - 0.3%

Moroccan Kingdom:

4.25% 12/11/22 (f)

$ 2,805,000

$ 2,559,563

5.5% 12/11/42 (f)

1,250,000

1,050,000

TOTAL MOROCCO

3,609,563

Namibia - 0.2%

Republic of Namibia 5.5% 11/3/21 (f)

1,670,000

1,688,621

Netherlands - 0.2%

Republic of Angola 7% 8/16/19 (Issued by Northern Lights III BV for Republic of Angola) (Reg. S)

2,100,000

2,252,250

Nigeria - 0.8%

Central Bank of Nigeria warrants 11/15/20 (a)(j)

3,750

666,713

Republic of Nigeria:

0% 10/10/13

NGN

232,000,000

1,435,372

0% 11/7/13

NGN

311,660,000

1,911,605

5.125% 7/12/18 (f)

1,940,000

1,964,250

6.375% 7/12/23 (f)

1,990,000

2,027,313

6.75% 1/28/21 (f)

1,300,000

1,400,750

TOTAL NIGERIA

9,406,003

Pakistan - 0.7%

Islamic Republic of Pakistan 7.125% 3/31/16 (f)

8,256,000

8,070,240

Panama - 0.4%

Panamanian Republic:

4.3% 4/29/53

1,480,000

1,154,400

6.7% 1/26/36

1,300,000

1,485,250

8.875% 9/30/27

1,265,000

1,739,375

TOTAL PANAMA

4,379,025

Paraguay - 0.1%

Republic of Paraguay 4.625% 1/25/23 (f)

825,000

740,438

Peru - 0.9%

Peruvian Republic:

4% 3/7/27 (e)

3,350,000

3,350,000

5.625% 11/18/50

660,000

686,400

8.75% 11/21/33

4,730,000

6,858,500

TOTAL PERU

10,894,900

Government Obligations - continued

 

Principal
Amount (d)

Value

Philippines - 1.8%

Philippine Republic:

6.375% 1/15/32

$ 1,190,000

$ 1,392,300

7.75% 1/14/31

4,860,000

6,318,000

9.5% 2/2/30

4,805,000

7,135,425

10.625% 3/16/25

3,535,000

5,373,200

TOTAL PHILIPPINES

20,218,925

Poland - 0.2%

Polish Government 3% 3/17/23

2,010,000

1,841,663

Romania - 0.6%

Romanian Republic:

4.375% 8/22/23 (f)

2,308,000

2,204,140

6.75% 2/7/22 (f)

4,521,000

5,131,335

TOTAL ROMANIA

7,335,475

Russia - 5.3%

Russian Federation:

4.875% 9/16/23 (f)

1,600,000

1,636,000

5.625% 4/4/42 (f)

4,800,000

4,908,000

5.875% 9/16/43 (f)

1,800,000

1,860,840

7.5% 3/31/30 (Reg. S)

28,163,850

33,233,317

12.75% 6/24/28 (Reg. S)

11,380,000

19,658,950

TOTAL RUSSIA

61,297,107

Serbia - 1.0%

Republic of Serbia:

4.875% 2/25/20 (f)

2,275,000

2,098,688

5.25% 11/21/17 (f)

1,300,000

1,290,250

6.75% 11/1/24 (f)

6,419,246

6,242,717

7.25% 9/28/21 (f)

2,200,000

2,290,750

TOTAL SERBIA

11,922,405

South Africa - 0.1%

South African Republic 5.875% 9/16/25

995,000

1,045,994

Sri Lanka - 1.1%

Democratic Socialist Republic of Sri Lanka:

5.875% 7/25/22 (f)

1,195,000

1,087,450

6.25% 10/4/20 (f)

4,880,000

4,709,200

6.25% 7/27/21 (f)

2,520,000

2,394,000

7.4% 1/22/15 (f)

4,305,000

4,466,438

TOTAL SRI LANKA

12,657,088

Government Obligations - continued

 

Principal
Amount (d)

Value

Tanzania - 0.2%

Tanzania United Republic of 6.3921% 3/8/20 (i)

$ 2,260,000

$ 2,327,800

Turkey - 5.7%

Export Credit Bank of Turkey 5.375% 11/4/16 (f)

590,000

607,700

Turkish Republic:

4.875% 4/16/43

1,615,000

1,332,375

5.125% 3/25/22

2,815,000

2,807,963

5.625% 3/30/21

3,275,000

3,414,188

6% 1/14/41

3,880,000

3,734,500

6.25% 9/26/22

2,725,000

2,925,833

6.75% 4/3/18

4,600,000

5,094,500

6.75% 5/30/40

4,530,000

4,756,500

6.875% 3/17/36

7,770,000

8,236,200

7% 9/26/16

3,050,000

3,385,500

7% 3/11/19

1,770,000

1,991,250

7.25% 3/5/38

4,825,000

5,367,813

7.375% 2/5/25

7,475,000

8,446,750

7.5% 7/14/17

2,875,000

3,255,938

7.5% 11/7/19

3,975,000

4,591,125

8% 2/14/34

1,900,000

2,261,000

11.875% 1/15/30

2,210,000

3,497,325

TOTAL TURKEY

65,706,460

Ukraine - 2.4%

Ukraine Financing of Infrastructure Projects State Enterprise 8.375% 11/3/17 (f)

4,375,000

3,603,906

Ukraine Government:

6.25% 6/17/16 (f)

3,415,000

2,936,900

6.75% 11/14/17 (f)

1,965,000

1,677,521

7.75% 9/23/20 (f)

3,120,000

2,652,000

7.8% 11/28/22 (f)

2,400,000

1,998,000

7.95% 6/4/14 (f)

8,565,000

8,158,163

7.95% 2/23/21 (f)

2,200,000

1,875,500

9.25% 7/24/17 (f)

5,365,000

4,929,362

TOTAL UKRAINE

27,831,352

United Arab Emirates - 0.1%

United Arab Emirates 7.75% 10/5/20 (Reg. S)

1,190,000

1,414,613

United States of America - 1.0%

U.S. Treasury Bonds 3.625% 8/15/43

11,475,000

11,340,524

Uruguay - 0.6%

Uruguay Republic 7.875% 1/15/33 pay-in-kind

5,290,000

6,805,585

Government Obligations - continued

 

Principal
Amount (d)

Value

Venezuela - 5.2%

Venezuelan Republic:

oil recovery rights 4/15/20 (j)

$ 57,010

$ 1,468,008

6% 12/9/20

2,680,000

1,947,020

7% 3/31/38

2,400,000

1,566,000

8.5% 10/8/14

4,885,000

4,885,000

9% 5/7/23 (Reg. S)

10,835,000

8,776,350

9.25% 9/15/27

3,455,000

2,807,188

9.25% 5/7/28 (Reg. S)

3,975,000

3,120,375

9.375% 1/13/34

3,310,000

2,614,900

11.75% 10/21/26 (Reg. S)

6,325,000

5,834,813

11.95% 8/5/31 (Reg. S)

10,545,000

9,727,763

12.75% 8/23/22

11,960,000

11,912,160

13.625% 8/15/18

5,005,000

5,430,425

TOTAL VENEZUELA

60,090,002

Vietnam - 1.1%

Vietnamese Socialist Republic:

1.25% 3/12/16 (i)

1,909,131

1,746,854

4% 3/12/28 (e)

8,434,167

7,169,042

6.875% 1/15/16 (f)

3,740,000

3,983,100

TOTAL VIETNAM

12,898,996

Zambia - 0.1%

Republic of Zambia 5.375% 9/20/22 (f)

1,635,000

1,422,450

TOTAL GOVERNMENT OBLIGATIONS

(Cost $650,265,991)


641,900,240

Supranational Obligations - 0.1%

 

Eastern and Southern African Trade and Development Bank 6.875% 1/9/16 (Reg. S)
(Cost $1,488,532)

1,500,000


1,545,000

Sovereign Loan Participations - 0.6%

 

Indonesia - 0.6%

Indonesian Republic loan participation:

Goldman Sachs 1.1875% 12/14/19 (i)

4,126,424

3,858,206

1.25% 12/14/19 (i)

3,332,759

3,116,129

TOTAL SOVEREIGN LOAN PARTICIPATIONS

(Cost $7,142,006)


6,974,335

Preferred Securities - 1.2%

Principal
Amount (d)

Value

Brazil - 0.7%

Cosan Overseas Ltd. 8.25% (g)

$ 2,150,000

$ 2,188,224

Globo Comunicacoes e Participacoes SA 6.25% (e)(f)(g)

5,560,000

5,851,333

TOTAL BRAZIL

8,039,557

British Virgin Islands - 0.0%

Magnesita Finance Ltd. 8.625% (Reg. S) (g)

300,000

286,681

Cayman Islands - 0.4%

CSN Islands XII Corp. 7% (Reg. S) (g)

4,915,000

4,042,777

Odebrecht Finance Ltd. 7.5% (Reg. S) (g)

150,000

146,025

TOTAL CAYMAN ISLANDS

4,188,802

India - 0.1%

Reliance Industries Ltd. 5.875% (f)(g)

2,000,000

1,638,200

TOTAL PREFERRED SECURITIES

(Cost $15,463,314)


14,153,240

Money Market Funds - 7.0%

Shares

 

Fidelity Cash Central Fund, 0.10% (b)
(Cost $79,956,314)

79,956,314


79,956,314

TOTAL INVESTMENT PORTFOLIO - 98.2%

(Cost $1,142,253,733)

1,131,039,325

NET OTHER ASSETS (LIABILITIES) - 1.8%

20,622,823

NET ASSETS - 100%

$ 1,151,662,148

Currency Abbreviations

BRL

-

Brazilian real

NGN

-

Nigerian naira

TRY

-

Turkish Lira

Legend

(a) Non-income producing

(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

(c) Non-income producing - Security is in default.

(d) Amount is stated in United States dollars unless otherwise noted.

(e) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.

(f) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $472,388,864 or 41.0% of net assets.

(g) Security is perpetual in nature with no stated maturity date.

(h) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(i) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(j) Quantity represents share amount.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund

Income earned

Fidelity Cash Central Fund

$ 52,786

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of September 30, 2013, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:

Description

Total

Level 1

Level 2

Level 3

Investments in Securities:

Corporate Bonds

$ 386,510,196

$ -

$ 386,510,196

$ -

Government Obligations

641,900,240

-

638,550,240

3,350,000

Supranational Obligations

1,545,000

-

1,545,000

-

Sovereign Loan Participations

6,974,335

-

-

6,974,335

Preferred Securities

14,153,240

-

14,153,240

-

Money Market Funds

79,956,314

79,956,314

-

-

Total Investments in Securities:

$ 1,131,039,325

$ 79,956,314

$ 1,040,758,676

$ 10,324,335

Income Tax Information

At September 30, 2013, the cost of investment securities for income tax purposes was $1,133,827,946. Net unrealized depreciation aggregated $2,788,621, of which $36,203,249 related to appreciated investment securities and $38,991,870 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. For corporate bonds, foreign government and government agency obligations, preferred securities, supranational obligations and sovereign loan participations, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances. The Fund invests a significant portion of its assets in below investment grade securities. The value of these securities can be more volatile due to changes in the credit quality of the issuer and is sensitive to changes in economic, market and regulatory conditions.

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

Credit Risk

The Fund's relatively large investment in countries with limited or developing capital markets may involve greater risks than investments in more developed markets and the prices of such investments may be volatile. The yields of emerging market debt obligations reflect, among other things, perceived credit risk. The consequences of political, social or economic changes in these markets may have disruptive effects on the market prices of the Fund's investments and the income they generate, as well as the Fund's ability to repatriate such amounts.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please

see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC

or an affiliate.

Quarterly Report

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Hastings Street Trust's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.

Item 3. Exhibits

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fidelity Hastings Street Trust

By:

/s/Kenneth B. Robins

 

Kenneth B. Robins

 

President and Treasurer

 

 

Date:

November 29, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:

/s/Kenneth B. Robins

 

Kenneth B. Robins

 

President and Treasurer

 

 

Date:

November 29, 2013

By:

/s/Christine Reynolds

 

Christine Reynolds

 

Chief Financial Officer

 

 

Date:

November 29, 2013

EX-99.CERT 2 ex99.htm

Exhibit EX-99.CERT

I, Kenneth B. Robins, certify that:

1. I have reviewed this report on Form N-Q of Fidelity Hastings Street Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 29, 2013

/s/Kenneth B. Robins

Kenneth B. Robins

President and Treasurer

I, Christine Reynolds, certify that:

1. I have reviewed this report on Form N-Q of Fidelity Hastings Street Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 29, 2013

/s/Christine Reynolds

Christine Reynolds

Chief Financial Officer